YESTERDAY'S SALES.

New Zealand Herald, Volume LXVII, Issue 20560, 10 May 1930, Page 7

YESTERDAY'S SALES.

BUSINESS ON EXCHANGES, RETURN ON INVESTMENTS. Following is a list of yesterday's transactions on New Zealand Stock Exchanges. In tho second column is given tho return, based on the last dividend, from investment at tho quoted price. In tho case of Government and other redeemable securities tho return includes redemption. The first column giv<;s tho figures at which tho sales wcro made:—

AUCKLAND EXCHANGE. Return on Sale Price. Investment, i: b. d. £ s. d. Com. Bk. Au3„ lata Biilo Tluirs. . . 019 9 711 10 Loan anrl Merc. .. 95 0 0 8 8 5 Auckland Ons ~ 1 it 10 0 14 ;i Northern Steam . . Oil 0 8 0 0 Ditto (con.) .. 0 0 0 8 12 3 N.Z. Breweries .. 211 C 5Hi 0 Colonial Sugar . . 40 10 0 6 3 5 Electro. Zinc .. 1 it 4 10 6 8 farmers' Trading . . 0 8 ('« 9 8 2 n Drug .. .. a a 9 est: Robinson Ice Cream 1 5 0 71G 10 A nale of Mount Lyells at 2Gs I'd also tool: place, but, owing to the reduction of the rate of interim dividend and the uncertainty of the total distribution for the current year no accurate return can be given. The following sale nlso took place:— Commercial Bank of Australia, new. fully paid, 19s 9d. WELLINGTON EXCHANGE. Inscr. Stic.. 1030. 41 93 5 0 4 11 11 Ditto, 1933. 41 . . 98 5 0 4 15 4 Aus. Bank Com. . . 1 3 9 517 11 ilnnk of N.S.W. .. 39 0 0 5 2 7 Ditto . . . . 38 17 0 5 2 10 Union Bank . . 11 5 0 511 1 Colonial Sugar . . 40 5 0 6 4 2 N.Z. Breweries (2) .. 211 3 517 1 CHRISTCHURCH EXCHANGE. Com. Bank Aus. (3) 019 10 711 3 Ditto .. .. 0 19 9 7 11 10 Nut. Bank Australasia (.t's paid) .. .. 7 7 0 Gls 7 National Mortgage .. 3 2 fi 8 0 0 Huddnrt-Purker .. 1 17 3 5 7 i N.Z. Kefrig. (con.) ..0 4 9 Ditto .. 0 4 11 Orey Valley Coal .. 13 9 Gl4 8 N.Z. Breweries 2 113 5 17 1 Ditto .. f.v 211 0 510 0 Dur.lop Perdriau .. 015 li 714 10 British Tobacco .. 110 G 011 0 The following sales also took place:—New Zealand Refrigerating, 4s lOd (2); New Zealand Breweries, 01s Od (2); Mount Lyell, 20s 3d. A Bale of Dalgetys took place at £ll 3s, but, owing to (he reduction of the rale of interim dividend and the uncertainly of the rate of the final distribution, no accurate return can be given DUNEDIN EXCHANGE. War Bonds. 1933, 41 . 93 0 0 4 10 I Ditto, 1911, 41 .. 93 0 0 4 14 10 Bank of N.Z. .. 217 G 419 8 National Mortgage .. 3 0 0 8 0 8 National Insurance .. 014 9 5 1 8 N.Z. Drug .. .. 3 3 0 G 511 The following sales also look placo:— Mount Lyell, 2(is 4'd: Kildare (2), Is; Cornish Point (fully paid), Gd.

EE VIEW OF THE WEEK. BETTER TONE AT CLOSE. EASING TENDENCY CHECKED. Tlio week is closing on the Auckland Stock Exchange with signs of reviving confidence, a quality which, except in regard to gilt-edged investments, had been lacking since the resumption of business after.the Easter vacation. Indication of the soundness of well-established Dominion concerns was given during the week by tho announcement of increased distribution of profits in several instances. This should help to restore confidence where too much importance has been attached to the depressing influence of Australian conditions. Government investments have continued to be in steady demand, and slightly firmer offers have attracted a few sellers. Tho only business done, however, was in r.be tax-free War Bonds, the 1939 and 19-11 maturities of which had salo at £9B 2s 6d. In (he banking group values fluctuated with a downward tendency until yesterday, when ft definite trend upward was noted. Commercials of Australia were most dealt, in, and the local prico dropped from 21s 3d to 19s 9d, but offers closed yesterday at 20.5. New Zealands had steady salo at from 3d to 6d below last week's level of 58s. Adelaides sold at £6 lis, compared with £7 Is before the reduced dividend was announced. Australasias, after a period of several weeks without sale, showed renewed activity, with little variation in value. English, Scottish and Australians dropped another Is to £6 ss. Now South Wales weakened after sale at £33 13s 6d, but shared in the revival of values yesterday. Nationals provided the chief business in insurance, selling four times on the local Exchange, with a rise from 14s 8d to 14s lOd. New Zealands weakened to 43s 6d from last week's price of 44s 3d. South British appreciated 9d to 59s 6d in a singio transaction. Tho loan and agency group was quiet. Dalgetys made several transactions between .£.ll 2s and £ll 4s, but interest waned toward tho close of tho week. In gas Auckland* continued to bo active tmcl appreciated 2d to 23s lOd. Coals were practically neglected. Northern Stearns, which gained another 6d to 14s 6d, wore (he only shipping shares dealt in. In breweries New Zealands, which brought 52s Oil last week, fell to 51s 3d, but recovered 3d at tho latest sale. In the miscellaneous group Wilsons Cements sold up to 39s 9d, and attracted offers of 40s 3d after the announcement of the increased distribution. Now Zealand Fanners' Fertilisers had salo at tho lower price of 18s 6d. Waihis were the most active mining stock, appreciating Oil to 14s 4d before the-dividend fell duo yesterday. Mount Lyclls fell to 26s after being done at 28s 3d in tho previous week. MARKETING LIVESTOCK. ORGANISATION IN AMERICA. WASHINGTON. May 8. Tho organisation of tho National Livestock Marketing Association has been completed. A now co-operative society will bo incorporated with a capital of £200,000, in Delaware. More than half the existing livestock co-operative societies will bo represented. CALL AND DIVIDEND LIST. Dividends— Duoi Bank of Adelaide—final, 4 p,c. Now. \vailn Gold Aline—final, 1b a. share Now. l)oiushy nope—final, 0} p.c. . , May 12. J aupin Coal—final, Is a sharo May 15. JJalsety and Co.—interim, 5 p.c. May 15. National Insurance—-interim, dd „ 11 share May 15. Queensland National Bank—into rim, & p.c. p.u May 15. Bycrolt, Ltd.—final. 10 p.c. p.a. May IG. .Denial and Medical Supply—annual, -1 p.c ... May 19. Grey Valley Coal—interim, 3 P ,C- 1 ■ • • ■ ■ . . . May 21. National Bank of Australasia—final, both issues, 10 p.c. p.a. May 23. Bank of N.SAY.—Quarterly, 2J i»-c. May 23. Farmers' Trading—A and B pref., ~ P.C. p.a May 31. Burns-Philp—final, 10 p.c. p.a. May. New Zealand Paper Mills—final, p.c. p.a May 29. P. and O. Deferred Stock—interim, 5 p.c., free of English tax ' . . May. Wilsons Cement—final, 5 p.c., bonus, 2} p.c Juno 4. Mount Lyell—interim, 5 p.c. . . June' 23. Faterine Stock Foods—pref., 5 p.c. p.a. Calls—liclinnce Loan Coy.—prof., 2« Gd a share July -,